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06.01.202604:47:36UTC+00New Zealand Shares Close Near 6-Week High

The S&P/NZX 50 index advanced by 0.6%, reaching 13,664 on Tuesday, marking its highest point since late November. This increase coincided with an improvement in broader market sentiment, as concerns over geopolitical tensions appeared to diminish following the US military action in Venezuela. The stock exchange experienced notable gains predominantly in infrastructure-related equities, with Infratil and Auckland International Airport both increasing by 2.6% and 1.8%, respectively. Stocks in the non-energy minerals sector also saw an upturn, highlighted by rises in Fletcher Building (+1.6%), Santana Minerals (+1.9%), and Manuka Resources (+1.7%). Additionally, prominent performers included Vulcan Steel (+2.7%), ikeGPS (+3.7%), and Rakon (+1.7%). Investors are now turning their attention to upcoming US employment data, seeking insights into the Federal Reserve's policy direction, alongside anticipated consumer and producer price indices from China later in the week, which will help to inform expectations regarding New Zealand's principal trading partner.

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